Pov's Group

Pov, 49, is a married mother of eight children. She has been engaged in selling various kinds of fruits in a rural area of the Thmor Koul district of Battambang province, Cambodia. Of her eight children, she still has four to take care of, and they are still in school. She has been in this fruit-selling business for several years. Her current occupation earns her approximately 40,000 KHR per day and she manages to save about 20,000 KHR each day, after meeting daily expenses.

Pov has received loans from Kiva’s partner, VisionFund, for four loan cycles already, and the other member of Pov's Group has been with VisionFund for five loan cycles. Pov fully paid back her loans, which have helped her relieve her family’s burdens and improve their livelihood. Now she and her group member are applying for another loan, of 2,000,000 KHR. As group leader, she is going to use her portion of the loan to buy more fruit to resell. She hopes that this new loan will enable her to grow her current business, earn a larger income, and make convenient living conditions for her family.

Additional Information

About VisionFund Cambodia

VisionFund Cambodia is a Christian organization and microfinance institution that provides small loans and other financial services to improve the lives of children, empower poor women and their families, and grow successful businesses. The organization works primarily in rural parts of Cambodia and has distinguished itself by targeting the very poor who require smaller loan sizes, regardless of religious beliefs, gender or ethnic background.

Kiva lenders’ funds will help the organization to expand into the northeastern provinces of the country, which have historically been underserved and difficult to reach with financial services.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.